Axis Mutual Fund, announced the launch of their New Fund Offer - Axis NIFTY G-Sec September 2032 Index Fund. It is an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index.
Updated Feb 16, 2021 | 08:26 IST
The RBI has recently allowed direct access in G-secs to retail investors. However, more operational clarity will emerge in the days to come. Investing in government securities: Do they suit your financial goals?
Government Securities (G-Secs) are one of the safest investing instruments available in the market. They are issued and backed by the central or state governments. So, they don t carry any default risk. This sovereign guarantee makes G-secs highly attractive for risk-averse investors. But because of the low risks, government securities offer low returns.
Earlier, retail investors were not allowed to participate directly to invest in the G-secs market and couldn’t open a gilt account which is used to hold the G-secs. However, Reserve Bank of India Governor Shaktikanta Das announced on February 5 that the government will permit retail investors to access the G-secs directly through a dedicated portal named ‘